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Gift given or received

4148 views 2 replies
how we will do entry in tally and what will be the gift head in tally
Replies (2)
Quick Summary
Gifts are recorded under capital account in Tally. Gift received is credited and gift given is debited. Entries typically involve cash or bank against gift accounts.

Gift Paid under Capital account

Gift Received under Capital account.



Dr. Bank/Cash
Cr. Gift Received

Dr. Gift Paid
Cr. Cash/Bank
Thank you


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